Commerce hails new credit insurance facility

From Gulfnews.com: Businessmen in Dubai on Sunday lauded the Dubai Government for setting up a credit insurance facility that seeks to protect UAE-based exporters against the risk of payment defaults by buyers in overseas markets.

The new initiative, introduced yesterday by the Dubai Export Development Corporation (EDC) to members of the Indian Business and Professional Council, is considered a timely move given that several companies are facing liquidity issues amid the financial turmoil…. Full Article: Source